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Anhui Expressway Holding Group to issue RMB 1 bln MTN

Sep. 13, 2012 (China Knowledge) - Anhui Expressway Holding Group Co has said it will issue RMB 1 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Sep 17.

The company said in a statement that the notes will be issued at face value, and the coupon rate determined in the process of book-building.

Both value and payment due date is set on Sep 18, and the to-be-issued notes tradable Sep 19.

The issuer said RMB 500 million of the proceeds from the issue will be used to replenish working capital, while the remaining RMB 500 million to repay bank loans.

Dagong Global Credit Rating & Investors Service Co Ltd has rated the issuer and notes AAA and AAA, respectively.

China Development Bank has been assigned as the lead underwriter and bookrunner. China Merchants Bank<600036><3968> will be the joint lead underwriter for the offering.

This will be the issuer's second medium-term notes this year.







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